Marin Software Incorporated stock trades under the ticker MRIN & has recently shown a good deal of technical strength.
MRIN stock closed for trading on 10/23/2020 at $3.45/share, after gapping up a couple of days prior.
There are no options for MRIN stock, so the fact that they’re down 9.6% in pre-market trading (as of 9am on 10/26), paving the way for a potential attractive entry point.
As a member of the NASDAQ, a hedge agains them would be something like an SQQQ, an inverse NASDAQ ETN.
MRIN Stock Price: $3.45
10 Day Moving-Average: $1.85
50 Day Moving-Average: $1.43
200 Day Moving-Average: $1.42
RSI: 68
As the 50 Day Moving-Average just crossed the 200 Day & will continue to climb, there should still be some steam in MRIN from a short-term trade perspective, making it worth taking a closer look at for traders.
*** I DO NOT OWN SHARES OF MRIN STOCK ***